ISABELA STATE UNIVERSITY

Cauayan City, Isabela

LAW ON SALES, CREDIT WITH NEGOTIABLE INSTRUMENTS

2024 Syllabus
Instructor: ATTY. CARLA B. DOMINGO

I. SALES
A. Definition and Essential Requisites
B. Contract of Sale
1. Contract to Sell
2. Option Contract
3. Right of First Refusal
C. Earnest Money
D. Double Sales
E. Risk of Loss
F. Breach of Contract of Sale
1. Recto Law
2. Maceda Law
G. Extinguishment of the Sale
1. Conventional Redemption
2. Legal Redemption
H. Equitable Mortgage
I. Pacto de Retro Sales

II. CREDIT TRANSACTIONS

A. Loans
1. Kinds
2. Interest
B. Deposit
C. Guaranty and Suretyship
D. Real Estate Mortgage
E. Anti-chresis

III. NEGOTIABLE INSTRUMENTS LAW (Act No. 2031)

A. Requisites of negotiability
B. Forgery and material alteration
C. Negotiation
D. Rights of the holder
E. Holder in due course
F. Defenses against the holder
G. Checks